Balance per bank statement, October 31 7,895 Add: Deposit in transit 5,740 13,635 Less: Outstanding checks 6,027 Adjusted balance, October 31 7,608 Balance per ledger, October 31 7,673 Add: Error correction* 118 7,791 Less: NSF check 151 183 Service and collection charges 32 Adjusted balance, October 31 7,608 *misrecorded payment on account Prepare the journal entry or entries needed to adjust or correct the Cash account. Date Description October 31 October 31 Debit Credit